With the COVID-19 pandemic, the World’s economy has been badly hit.
As evidenced in the United Nations Conference on Trade and Development’s (Unctad) latest report shows that Foreign Direct Investment (FDI) made by a company or an individual from one country in business interests in another country will drop from to $58.8 million to (MK43.5 billion) from last year’s $98 million (MK72.5 billion). (source: The Nation 23 June 2020).
Malawi as a country has also not being left out as one of those whose economy continues to dwindle because of the pandemic.
For example, one of the country’s major banks National Bank of Malawi has closed its Chichiri branch due to increased numbers of staff who have tested positive for COVID-19. Much as operations will be disturbed for a period of 14 days, other crucial day to day operations and transactions will be affected.